πŸ“‰ Wise Analyze πŸ“ˆ
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Solana outperforms Ethereum - now breaking above March high

@WiseAnalyze #SOL #ETH #ta
πŸ“‰ Ethereum chart review πŸ“ˆ

Ethereum desperately wants to get to week open level at 2687 and above it into the gap created in between Friday low and Monday open. Equilibrium for that zone is around 2800.

Developing Week candle forms a long buy tail. That is both a signal of bulls strength and price action inefficiency, that may cause a dip to that tail range in future. Most attractive level is 2023 close at ~2283

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πŸ“‰ Ethereum chart review πŸ“ˆ

Ethereum made 3 touches of that resistance at 1 hour chart, so it is weak now - high chances for breakout. To make it sure got to close 1H above ~2724. The only thing I can't predict is how far it will fly. Can only guess nearest levels to watch PA.

Rejection and dump happens if close 1H below breakout level around 2680. Basically any long wick above that level on closed candle will be bearish. If happen so. All depends on BTC.

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πŸ“‰ Ethereum chart review πŸ“ˆ

As I wrote yesterday, chances for Ethereum pump to ~2820-2899 stay valid.

Gray area is a gap between Friday low and Monday high - kind of CME gap - it is being partially covered by current price action. Middle of that zone is around 2825 and within one breakout impulse reach.

In case of any market shakeout during US Inflation Rates announcement, may expect ETH to hunt for stops under 2610 and 2505

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